Even if they are constrained by a lack of capital research shows that new

Even if they are constrained by a lack of capital

This preview shows page 42 - 45 out of 53 pages.

26. Even if they are constrained by a lack of capital, research shows that new entrants should avoid partnering with a larger company.a. Trueb. False
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27. Technological paradigm shifts occur when new technologies revolutionize the structure of the industry, dramatically alter the nature of competition, and require companies to adopt new strategies to survive.28. Which of the following statements is true of technology in industries?29. refers to a common set of features in a computer or other machines. a. Paradigm shift30. Consumers will bear the costs of switching technologies if:a. the benefits of adopting the new technology outweigh the costs of switching. b. switching costs are substantial.c. the new products are packaged attractively. d. there is a lack of complementary products. e. the new technology is advertised subtly.31. Technical standards in high-technology industries are:32. With reference to high-technology industries, which of the following is an example of a technical standard?
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33. When standards are part of the public domain, they can be used:
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